financeSkift··1 min·For: Owner, GM, Revenue, Marketing, Investor
Amex Reports Surge in Luxury Hotel Spending Amid Q1 Growth
American Express saw a massive 50% increase in spending within its premium hotel programs during Q1, signaling strong demand from high-end travelers despite geopolitical disruptions affecting airlines.
Key Takeaways
- 1Leverage the 50% surge in Fine Hotels and Resorts spending by tailoring packages for high-net-worth Cardmembers.
- 2Monitor geopolitical volatility as American Express processed 18,000 airline refunds due to Middle East conflict.
- 3Anticipate continued luxury resilience, evidenced by an 18% increase in premium retail spending despite broader economic pressures.
Source: Skift
Keep reading
Our reporting
More in finance